Institute for Broadening Participation

Analysis

Institute for Broadening Participation is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Institute for Broadening Participation reported income of $203k and spending of $183k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $203k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Broadening Participation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Hyde Park Theatre ($203k), Upstream Theater ($203k) and Camarillo Chapter No 723 Experi- Mental Aircraft Association ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (38% of expenses). Other salaries and wages came to $53k. At year end it held assets of $169k against liabilities of $0, net assets of $169k. It reported 3 employees.